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20121001
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of the united states, alan, i would order the secretary of the treasury to immediately buy up the bad home loan mortgages in america and renegotiate at the new value of those homes, at the diminished value of those homes and let people be able to make those payments and stay in their homes. is it expensive? yes. but we all know, my friends, until we stabilize home values in america, we're never going to start turning around and creating jobs and fixing our economy. and we've got to give some trust and confidence back to america. i know how the do that, my friends. and it's my proposal. it's not senator obama's proposal, it's not president bush's proposal. but i know how to get america working again, restore our economy and take care of working americans. thank you. >> senator, we have one minute for a discussion here. obviously, the powers of the treasury secretary have been greatly expanded. the most powerful officer in the cabinet now. hank paulson says he won't stay on. who do you have in mind to appoint to that very important post? senator mccain? >> not you, tom. >> no, with good reason. >
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